Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

AIG will freeze some payments to former execs

Oct. 22, 2008
AIG to freeze some pay and bonuses to former execs Financially troubled American International Group, now supported by a federal bailout, has agreed to freeze millions of dollars in compensation and bonuses for former executives. In a letter Wednesday to AIG,...
Related Stories from UPI.com

Former AIG execs settle suit for $115m

WILMINGTON, Del., Dec. 18 (UPI) -- Former executives of American International Group Inc. agree to pay the Teachers Retirement System of Louisiana $115 million to settle a lawsuit.

N.Y. court proceeds with AIG case

NEW YORK, Dec. 5 (UPI) -- A New York judge refused to dismiss breach of fiduciary duty charges against American International Group Inc.'s former chairman, Maurice Greenberg.

AIG bailout and questions continue

NEW YORK, Nov. 3 (UPI) -- The financial plight of American International Group seems unabated by the company's $143 billion in U.S. bailout funds, one expert said.
AIG taps new commercial paper program

AIG taps new commercial paper program

NEW YORK, Oct. 31 (UPI) -- U.S. insurer American International Group said its would tap into a third federal bailout option, bringing its total line of government credit to $144 billion.
Fed extends $37.8 billion more to AIG

Fed extends $37.8 billion more to AIG

WASHINGTON, Oct. 8 (UPI) -- The U.S. Federal Reserve said it extended American International Group's line of credit by another $37 billion Wednesday.

Group assembled to sell AIG's assets

NEW YORK, Sept. 18 (UPI) -- New York and Pennsylvania insurance regulators will work with American International Group Inc. to unload the firm's insurance assets, officials said.

General Re, AIG execs indicted

WASHINGTON, Feb. 2 (UPI) -- A U.S. grand jury indicted three former officials of Berkshire Hathaway Inc.'s General Re unit and a former American International Group Inc.

AIG may lose more execs

NEW YORK, May 16 (UPI) -- New York's big insurance company, American International Group Inc., plans to force out several top executives in coming weeks.
1 of 23
Vietnam Veterans Memorial Commemorated in Washington
View Caption
A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic